India's central bank is likely conducting buy/sell dollar-rupee swaps in addition to selling spot dollars to support the rupee, three traders told Reuters on Thursday.

The Reserve Bank of India likely intervened to support the rupee on Wednesday as the currency hovered near its all-time low ...

The Indian rupee depreciated a modest 2.9 per cent in the first nine months of the current fiscal, performing better than other currencies like the Canadian Dollar, South Korean Won and the ...

The Indian rupee opened strong on Tuesday morning as compared to the all-time low it tasted during the previous session. At the time of filing this report, the rupee traded at 85.75 against the US ...

The value of the Indian Rupee (INR) is market-determined, with no target or specific level or band. Various domestic and global factors influence the exchange rate of the INR, such as the movement of ...

The recent actions taken by the Reserve Bank of India (RBI) to defend Indian rupee from falling sharply and injecting durable liquidity to the banking system are steps in the right direction ...

Indian rupee touched an all-time low against US dollar. At the time of filing this report, the rupee was trading at 86.40 against US dollar. Experts say the volatility trends show that the rupee ...

The Reserve Bank of India (RBI) on Thursday (January 16, 2025) announced liberalised norms to encourage use of Indian Rupee and local/national currencies to settle cross border transactions.

The rupee may decline to 88.70 per dollar by the year-end, according to Australia and New Zealand Banking Group Ltd. Emkay Global Financial Services Ltd. is forecasting a fall to 89.50 by December.

The "Trump Tantrum," referring to the impact of Donald Trump's presidency on the Indian rupee, is likely to be a short-term phenomenon, says a report by State Bank of India (SBI). The report ...